Expectation from markets' Movers & Shakers : RIL & Yes Banks Q2
DSIJ Intelligence / 20 Oct 2016
Energy behemoth Reliance Industries and private sector lender Yes Bank are to come up with their quarterly results today. RIL is expected to post yet another quarter of billion dollars plus profit.
Energy behemoth Reliance Industries and private sector lender Yes Bank are to come up with their quarterly results today. RIL is expected to post yet another quarter of billion dollars plus profit.
Mukesh Ambani controlled petrochemical major is expected to post a good set of numbers today post market hours. Revenue for the quarter is expected to rise for the quarter, however, operationally company may see a dip in performance along with margins getting affected slightly.
Operating profit may be impacted by weaker refining margins but that may be partially offset by higher crude throughput and stronger petrochemical margins.
Key things to watch out would be GRM (gross refining margins), petrochemical margins, KG-D6 production and update on RelJio.
After Indusind Bank it would be another banking major Yes Bank coming out with its Q2 earnings. Profits are expected to rise for the quarter in review. However, NPAs would be watched closely.
Key things to watch out for would be decision on QIP issue after the previous debacle; loan growth rate, especially the non-corporate growth rate; net interest margin; and asset quality performance.
Update on credit card business will also be watched.
Ahead of the results, RIL & Yes Bank both are trading marginally higher at Rs 1089.2 and Rs 1309 respectively.
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